NCUA Ignored Contract Rules, Leaving Agency Vulnerable to Fraud: OIG

The Office of Inspector General reports the NCUA failed to follow basic contracting rules, exposing it to fraud and abuse.

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The NCUA failed to follow basic rules in contracting for goods and services, leaving the agency vulnerable to fraud and abuse, the department’s Office of Inspector General said in an audit of agency activities between Jan. 1, 2011 and June 30, 2016.